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How To Rob A Bank: William Black At TEDxUMKC

The top regulator and prosecutor during the S&L crisis – professor of law and economics, Bill Black – explained at a recent TED talk that 90% of all no-document loans were fraudulent and 90% of appraisals were fraudulently inflated at the insistence of the banks.

One comment

So, I’m going to take this as an implication that the “Economic Crisis” is fully engineered. Being that the methods used were known about for 70+ years as a failure.
As no one can be that stupid, to commit control fraud at such a level by accident.